Complete Genomics Sale: Gruyère or Emmental?
Swiss Rockets, a Basel‑based firm, announced the acquisition of Complete Genomics, taking full control of its CoolMPS sequencing technology and key personnel. The deal aims to shield the business from U.S. legislative bans tied to perceived Chinese ownership, while retaining royalty obligations to MGI for non‑CoolMPS products. CoolMPS 600 promises 2.4 terabases per run at under $100 per 100 gigabases, positioning it against rivals like Roche and Element. However, lingering ties to Chinese MGI may keep U.S. labs wary.
Servier to Acquire Day One Biopharmaceuticals in a $2.5 Billion Cash Deal
France‑based Servier announced a $2.5 billion all‑cash acquisition of U.S. biotech Day One Biopharmaceuticals. The tender offer prices Day One shares at $21.50, a 68.23% premium, equating to 8.34 times the company’s sales. Servier will fund the transaction with existing cash and...
The 7 Accounting Traps That Quietly Kill PE Deals (From a CPA in the Trenches)
Private equity transactions in the $5M‑$50M EBITDA range often collapse due to hidden accounting and tax issues rather than strategic flaws. A seasoned CPA outlines seven common traps—including overstated EBITDA add‑backs, mismatched working‑capital pegs, divergent quality‑of‑earnings reports, undisclosed sales‑tax nexus,...
Athora Raises €3.5bn to Fund Approved Pension Insurance Corporation Acquisition
Athora announced a €3.5 billion common‑equity raise, earmarked primarily for the acquisition of Pension Insurance Corporation Group (PICG). The deal, cleared by the PRA and FCA, is slated for completion around 27 March 2026, after which Athora’s assets under management and administration will...
Whither 122(18)?
In late January, VC Zurn denied a temporary restraining order seeking to block the Fifth Third‑Comerica merger, rejecting the plaintiff’s claims under both Unocal fiduciary standards and Delaware General Corporation Law §141(a). The plaintiff contended that the merger’s “no‑shop” provisions violated...
Antitrust: Trump 2.0’s “Deal Friendly” Merger Review
The DOJ and FTC under the Trump‑era “Deal Friendly” approach have shifted toward expediting non‑problematic mergers, reviving early termination practices, and favoring structural remedies such as divestitures. In 2025, agencies filed 12 enforcement actions, with nine settled via consent orders,...
Will David Ellison Remake the NFL Market?
David Ellison, backed by Skydance and RedBird Capital, has embarked on a $125 billion media buying spree, acquiring Paramount for $8 billion, securing a $7.7 billion UFC broadcast deal on CBS, and moving to purchase Warner Bros. Discovery for roughly $110 billion. These transactions dramatically expand...
Beretta Is Making Moves to Buy Ruger
Beretta Holdings, already the largest single shareholder of Ruger with a 9.95% stake, is pushing to place four hand‑picked directors on Ruger's board and has launched the ReloadRuger website to court shareholders. Ruger’s stock has slumped 42% from its 2021...
PGI Takes Control of Muchesu as RBZ Approves Restructured Shareholding
Pacific Goal Investments (PGI) has acquired a 51% majority stake and operational control of the Muchesu coal project in north‑western Zimbabwe after obtaining registration from the Reserve Bank of Zimbabwe. The ownership restructuring transfers the US$20 million funding commitment originally made...
The Pros and Cons of IPOs and SPAC Mergers
The article examines whether fast‑growing firms should go public via a traditional IPO or a SPAC merger, emphasizing the role of forward‑looking statements. SPAC deals historically allow more detailed projections, which can attract both sophisticated and unsophisticated investors. The SEC’s...
PROPTECH-X : Gap Between How Sellers Value Their Businesses and How Buyers Assess Risk Widens
A leading UK construction investor warns that reliance on EBITDA for valuations is causing deal failures as buyers shift focus to net profit before tax and cash flow. Bradley Lay of Peak Capital notes the valuation gap has widened over...
David Ellison’s $18 Billion Question
David Ellison’s Skydance is set to acquire Warner Bros. Discovery in a $111 billion transaction priced at $31 per share, representing roughly a five‑times multiple to the pre‑deal market price. The deal awards CEO David Zaslav about $800 million in proceeds and...
Eton Pharmaceuticals Expands Rare Disease Portfolio with Acquisition of US Hemangeol Rights
Eton Pharmaceuticals has in‑licensed the U.S. commercialization rights to Hemangeol®, the sole FDA‑approved oral propranolol solution for infantile hemangioma, marking its tenth rare‑disease product. The hand‑off from Pierre Fabre is slated for May 1 2026, after which Eton will drive sales through its...
Spellbook Gets $40m Debt For Legal AI M&A
Spellbook has secured a $40 million debt facility from RBCx, the tech‑focused arm of Royal Bank of Canada, to fund future acquisitions in the rapidly consolidating legal AI sector. The financing follows a $50 million Series B round that lifted the company's post‑money...
Royal Cup Coffee and Tea to Acquire Farmer Bros. For $89.62 Million in Cash
Royal Cup Coffee and Tea announced a cash acquisition of Farmer Bros. Co. for $89.62 million, paying $1.29 per share—a 13.42% discount to the prior close. The transaction values Farmer Bros. at roughly 16.66 times EBITDA. The deal, advised by North...
Emerald’s MJBizCon’s Evolution Amid Industry Overhaul
Emerald Holding acquired MJBiz, the premier cannabis B2B event, for $120 million in 2022, betting on a booming market. Since the purchase, exhibitor numbers have slumped from roughly 1,400 to 557 and attendance data has become opaque, reflecting a broader industry...
M&A Activism: What to Expect in 2026
M&A‑focused activist campaigns surged in late 2025 and are projected to intensify throughout 2026. Activists are zeroing in on cash‑rich small‑ and mid‑cap public companies, especially those overlooked by the AI boom but with solid fundamentals. They are increasingly partnering...
ChandlerCX Acquires Finance Industry Customer Engagement Vendor Novagentic
Australian CX provider Chandler has acquired Novagentic, a specialist in agentic AI tools for the superannuation sector. The deal brings Novagentic’s Microsoft‑cloud based automation platform and AI expertise into ChandlerCX’s customer communications suite. Former Novagentic founder Neil Benson will serve...
Ace Doran Acquires NHH Services to Expand Heavy Haul Capacity
Ace Doran, a subsidiary of Bennett Family of Companies, has acquired Indiana‑based NHH Services, adding 50 trucks to its fleet. The deal expands Ace Doran’s heavy‑haul capacity and deepens its footprint in the Midwest. NHH brings expertise in flatbed, general...
Discovery Acquires Kidd Operations From Glencore – by Andrew Autio (Timmins Daily Press – March 2, 2026)
Discovery Mining announced a definitive agreement to purchase Glencore Canada’s 100% stake in the Kidd Operations, encompassing the Kidd Creek copper‑zinc‑silver mine, its metallurgical plant, and tailings facilities near Timmins. The deal positions Discovery as an emerging gold producer, with...
Will Media Consolidation Finally End TNT Sports?
Paramount Global's pending acquisition of Warner Bros. Discovery could spell the end of TNT Sports, the long‑standing sports brand of Turner. The deal, while likely to clear U.S. antitrust review, may still face challenges and follows a pattern where regulators...
Harvey Does 2nd Acquihire, This Time With Lume
Harvey announced its second acquihire, bringing Lume co‑founders Robert Ross and Nebyou Zewde into its product and engineering teams. Lume, a Y Combinator‑backed AI integration startup founded in 2023, will cease operations as only the two founders transition to Harvey. The...
Axel Springer Buys B2B Real Estate Media Co. Bisnow: Exclusive
Axel Springer announced the acquisition of Bisnow, a B2B commercial‑real‑estate media and events firm, and created a new Brew Media Group to oversee the deal. The unit will be led by Robert Dippell, CEO of Morning Brew, while Bisnow and...
The Five 2026 HR Tech Acquisitions that Put HR Buyers in a Strong Position
2026 has seen five major HR‑tech acquisitions—Payoneer‑Boundless, Remote‑Atlas, Phenom’s purchase of Be Applied and Included AI, Docebo‑365Talents, and Perceptyx‑Lyceum—signaling a shift toward AI‑centric, unified platforms. Buyers benefit from increased vendor competition and pricing pressure, while the deals aim to close gaps...
On the Latest ‘Beat the Press,’ We Look at War Coverage, a Trump-Friendly Media Monopoly, AI and More
Emily Rooney’s new “Beat the Press” episode scrutinizes media coverage of the Iran war, examines the implications of Paramount’s acquisition of Warner Bros. Discovery that could place CNN under Trump‑friendly Ellison brothers, and discusses Bari Weiss’s loss of a Jeffrey...
Infinite Orbits Goes on Spending Spree After Securing €40 Million
Infinite Orbits announced back‑to‑back acquisitions of LMO’s Luxembourg operations and UK‑based Lúnasa Space within a week, leveraging the €40 million financing it raised in November 2025. The deals add advanced space‑situational‑awareness software and autonomous rendezvous capabilities to its Endurance and Orbit...
InsideArbitrage Event Driven Monitor – March 3, 2026
The March 3 2026 InsideArbitrage Event‑Driven Monitor reports a flurry of high‑profile M&A activity, including Global Infrastructure Partners and EQT’s $33.4 billion acquisition of AES at a 13.2% discount and a co‑founder‑led consortium’s $3.9 billion purchase of Select Medical at a 10% premium. Pending...
![[Update & Reveal] John Wood Group: Buyer Lock-In via Lending Pays Off: Double-Digit Gains Since January](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://substackcdn.com/image/fetch/$s_!B5NZ!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F32978d04-1cd9-421d-91c4-d4ab686c7abd_577x577.png)
[Update & Reveal] John Wood Group: Buyer Lock-In via Lending Pays Off: Double-Digit Gains Since January
John Wood Group’s merger with Sidara has cleared all antitrust and regulatory hurdles, confirming the buyer’s lock‑in strategy that began with a $250 million loan injection. The regulatory green light on March 3 triggered a share price rise to 28.70 pence, delivering double‑digit...
Co-Founder Robert Ortenzio-Led Consortium to Take Select Medical Private for $3.9 Billion
Select Medical Holdings agreed to be taken private for $3.9 billion by a consortium led by co‑founder Robert Ortenzio, senior executive Martin Jackson, and private‑equity firm WCAS. The deal offers $16.5 in cash per share, a 10% premium to the prior...
With New DealRoom Features for Roll-Ups, Corp Dev Teams Can Eliminate Manual and Repetitive Tasks that Get in the Way...
DealRoom launched a Roll‑Up Bundle aimed at private‑equity‑backed companies that run multiple acquisitions simultaneously. The bundle adds Enhanced Permissions, Multi‑Room Updates, Template Rooms, and a Project Management Suite to automate repetitive M&A tasks. By centralizing access controls, standardizing deal rooms,...
How DealRoom Pipeline Prevents Deals From Slipping Through the Cracks
DealRoom Pipeline introduces a unified platform for M&A deal management, consolidating emails, documents, notes, and task tracking in one view. The solution offers customizable Kanban or spreadsheet‑style pipelines, allowing teams to filter deals by priority, region, or financial metrics. Integrated...
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When to Work With Private Sellers Versus Advisors in M&A
National Express has completed roughly 30 acquisitions of family‑owned transportation firms, largely by contacting private sellers directly. The company balances the benefits of broker‑mediated deals—more organized processes—with the flexibility of unrepresented negotiations, where early valuation ranges help manage inflated seller...
Why You Should Focus Less on Cost Synergies During PMI
In a recent podcast, Anirvan Sen of Fifth Chrome argues that post‑merger integration should prioritize growth capabilities and revenue synergies over traditional cost‑cutting targets. He advocates a blueprint‑style integration plan that starts at the strategy stage, mapping key customer journeys...
Finding Value in Numbers With Ehsan Ehsani – The Special Situations Report Episode 56
Episode 56 of the Special Situations Report features Ehsan Ehsani, executive director at Crescendo Partners and Columbia Business School adjunct, promoting his new book "Finding Value in Numbers." The interview delves into quantitative investing tools, the Kelly Criterion for portfolio...
Readers Speak: What Could Derail the Hapag-Lloyd–ZIM Merger?
Industry watchers are focused on the pending merger between Hapag‑Lloyd and ZIM Integrated Shipping Services. Readers of Container News flag regulatory approval and Israel’s “golden share” as the most likely obstacles, while labor unrest is viewed as a secondary concern....
SoftBank Group to Acquire DigitalBridge for $4 Billion to Scale Next-Gen AI Infrastructure
SoftBank Group announced a definitive agreement to acquire DigitalBridge for an enterprise value of roughly $4 billion, paying $16 per share in cash. The deal represents a 15% premium to the recent closing price and a 50% premium to the 52‑week...
Medimaps Group and Radiobotics Announce Strategic Merger to Expand AI-Driven Musculoskeletal Imaging Portfolio
Medimaps Group and Radiobotics have agreed to merge, forming a global AI‑driven musculoskeletal imaging company. The combined entity will deliver an end‑to‑end suite across X‑ray and DXA, including automated fracture detection, opportunistic bone fragility assessment, and fracture‑risk prediction. It will...
SPG Acquires Logistiq to Merge with Anova Marine Insurance
Specialty Program Group (SPG) acquired Logistiq Insurance Solutions and merged it with its previously purchased Anova Marine Insurance, creating a unified, tech‑forward Cargo & Logistics platform. The integration combines Anova’s ocean cargo and digital underwriting capabilities, Logistiq’s domestic transportation risk...
Earnings Season, Data Center M+A, and Other Deals and Partnerships
The latest smart‑building newsletter spotlights earnings season, where leading OEMs highlighted increased investment in technology and sustainability. It also details strategic partnerships, notably ReTech Advisors with Audette and Nemetschek Group with Ingram Micro, aimed at scaling decarbonization and digital AEC...
How Will Paramount Buying Warner Bros Discovery Impact Disney+? | What’s On Disney Plus Q&A
The latest Disney+ Q&A tackled how Paramount’s purchase of Warner Bros. Discovery could shift the streaming hierarchy, examined new UK regulatory pressures, and addressed subscriber curiosity about adding live local channels. Host insights highlighted potential strategic pivots for Disney+, including...
Nikhil Kamath-Backed KNAV Acquires UAE Firm: Insider Scoop on Buying Accounting Firms
KNAV, backed by Nikhil Kamath, has acquired a majority stake in UAE‑based Affiniax, adding 65 local professionals to its global team of over 500. The move capitalises on the UAE’s new corporate tax regime, which has turned audit, tax and...
![Industry Report: Healthcare Q1 2026 [Peakstone]](https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/render/image/public/images/thumbnails/0991708adbc96e52eae124a6a6122304.webp?width=1200&resize=contain&quality=75)
Industry Report: Healthcare Q1 2026 [Peakstone]
Healthcare M&A activity moderated in 2025, dropping to 898 transactions after a pandemic‑driven surge. Despite fewer deals, the median transaction value jumped to $151 million, the highest in 25 years, while EV/EBITDA multiples held steady near 12.5×. Public‑market returns diverged, with...
InsideArbitrage Special Situations Newsletter: March 2026
InsideArbitrage’s March 2026 Special Situations newsletter warns of a continuing "Software Nuclear Winter" in the SaaS sector, describing deep valuation pressure and market disruption. The firm recently acquired SaaS company Navan (NAVN) and highlights another discounted SaaS opportunity, suggesting the...